Former deficit panel chairmen Alan Simpson and Erskine Bowles will today offer a new vision for reducing America's deficit, in a bid to shame congressional lawmakers from both parties into action. "The idea of a grand bargain is at best on life support," Bowles said. "It seems like both sides are beginning to retreat to their own talking points. This may be good politics, but it doesn't put us any closer to having our fiscal house in order."
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